26Mar14

A project under which Chinese private O-bay aircraft company intends to
assemble Russian medium-haul passenger airliners Sukhoi SuperJet-100 that will
allow creating around 500,000 new jobs in Henan Province, Chinese newspaper
Huanqiu Shibao reported on Wednesday.

The project will cost 20 billion yuan ($3.2 billion) to China, the newspaper noted.
An aircraft-building plant in Zhengzhou, the administrative center in Henan
Province, is planned to assemble 100 airliners. O-bay Aircraft Company which
"was not widely known before" will work in partnership with two other companies
-- China Tianli Aviation Technology and Industry Co and Shanghai Yuan-Fei
Aviation Technology Co, Huanqiu Shibao reported.

"After signing of the contract, Zhengzhou will be the third Chinese city after Tianjin
and Shanghai where airplanes with more than one hundred seats are produced,"
the newspaper reported. An aircraft assembling plant will be probably located in
the Zhengzhou economic zone situated near the city airport.

"Launch of an aircraft-building plant will also allow training a large number of
highly qualified workers and increasing the level of resource base in the
province," newspaper Zhengzhou Wanbao believes.

An office of Russia's Sukhoi Civil Aircraft Company in the Chinese capital of
Beijing refrained from any comments on the details of the memorandum signed
last weekend. Meanwhile, according to Chinese reports, an assembly line of
Sukhoi civilian aircraft should be launched in 2016 and reach full capacity in
2018.

[Source: Itar Tass, Bejing, 26Mar14]

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